Barakallah....I hope it will be translated to Bahasa Indonesia. Indonesia as the biggest Muslim country in the world could benefit a lot from this book.
If earning even a penny from prohibited sources adds up your sins then how come you can invest in companies who earns, although insignificant, but from prohibited 'Other Sources' like from saving ac, bonds etc. When the company declares dividend, you too share that same prohibited penny?? 🤔 So, i wonder how come people arrived at the rule that if a company is earning insignificant amount from prohibited sources and its not their main business then that's a 'HALAL' investment.
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert. Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
I wonder why you don't create a community for all muslims interested to push islamic finance forward, so they can exchange ideas and network. This will have a great impact and could significantly increase initiatives and startups in this field .
Please next time give the mic to those asking questions so we can hear. Bless you all for making these on Islamic investments, unfortunately much of the statements like "scholars around the world all can't be wrong" don't mean much when many or most of them are from a specific group, school, uloom, etc. There is a lot of variance and diversity with opinions from "scholars" around the world today. I doubt IFG n "mufti" could even list more than 200 scholars personally, or even have such a list. Please do better research and make better Islamic financial products so we Muslims aren't drowning is payments and debt til we die. It's such a shame that in most Western countries still after 30-120 years, Muslims and specifically their Islamic teachers and "scholars" haven't come up with solid financial solutions to remove poverty and degeneration from our communities. Until this is done, conventional mortgages and investments are defacto because those in charge of the institions are failing at every step to create financially stable and balanced communities. This isn't rocket science and the bias, tribalism, discrimination, favoritism, is all to present among those in charge. No offence peace and love for all 🤗 ♥
I am trying day trading as a muslim I have so many filters like staying away from the company their products are not halal, but unfortunately I have lost 70% of my saving, if anyone can guide would be appreciated , thank you
💎Highlights: 📯Mufti Faraz's Insights: Emphasizing the importance of having a vision, simplicity, legacy building, and prophetic preference in investments. 🔊Personal Finance Basics: Manage your income and expenses wisely to save and invest for the future. 🔉Investment Principles: Stay consistent, diversify your portfolio, and adopt a long-term mindset. 🔈Investment Options: Explore stocks, property, and alternative assets to grow your wealth.
Some areas are grey... concept itself is ok.. but does it qualify as an asset this is the major concept of Islamic finance.. if this is not an asset like it seems it is not because all the things are going as speculation its not allowed to consider a right option... say there is not basic features of an asset.. no backup like economy or reasoning... so better to focus in any other halal options... be aware that core concepts of Islamic finance is to remove in efficiencies in economy... say like a person posses the skills but don't have capital the other side a guy has some savings but working at something like a job and don't have time and skills to do something extra.. so both of them can join each other to start a partnership where one brings skills and the other brings capital... in this basic concept it imparts value to lower section of economy those who don't have big capital... may Allah know the best and guide us to the right path
Thank me later but this video is actually useless, I tried to watch it but it's really boring and the start is just an ad for their book/website. The only useful part could be the case-study at 01:04:00
From whatever I have studied and researched, it is really very simple. Wherever you can make good money in the stock market or the financial market, it's forbidden in Islam. By one ruling or another it's Haraam.
According to whatever I have researched, forget BTC, even FX trading is not permissable unless you plan to hold on to the cirrency for some time. How much time is the question. I personally as a BIG disbeliever in these new or exotic financial instruments. Already buried under the sin of a mortgage and car loan.
Yes, we went with Islamic mortgage financing even though we had to pay a LOT more than what conventional banks were offering, but Allah SWT gave us too many blessings in the property, no money can ever buy. ALHAMDULIALLAH.
can you make a vid like this but focus on everything around crypto and what projects to find which are halal etc since muslims need to know more on this topic. jazakallah
So true brother. Even halaal stocks have some form of interest/loan involved. So hard to invest in halaal methods, but the reward is far greater with Allah
Jazak Allah Hu Ghair for the info, What is the advise for muslim living outside the UK, most of the advise given in the video focus on the UK, do you have halal options also for the Netherlands. or are you open to create something please let get in contact.
Oh, wow! I was also going to ask the same question. I also live in the Netherlands. I will ask around and see if I can find local advice. If I do I will be sure to share it here and if you happen to learn something regarding this topic please share it here as well. Thank you.
Salaam Ibrahim and Mufti Saab - great talk. This is slightly off-topic, but my work pension is through Legal & General, and I don't know how to find out where they invest my pension funds so I can determine whether this is halal or not? Any quick tip/advice would be much appreciated. Jazakallah Khair.
you should be able to change where your pension fund is invested, i would recommend reaching out to your employer if you arent sure how to access this, most of the time you'll be given an account where you can do this L&G has shariah compliant pension options such as "L&G PMC HSBC Islamic Global Equity Index Fund" IFG has articles on shariah compliant pensions that should also be helpful
I believe that Legal & General have a customer portal, where you can log into your account and view your pension details. Also, if you email them, they should also be able to advise if they have any 'shariah compliant' pensions available. and Allah knows best.
Jazzakumullah Khayran. This 1hr+ episode is about basic investing advice and not necessarily about Islamic Finance, technically. Think of it as basic introduction or basic initiation.
Pfida model seems to be fine, yes this is smaller came because they are reliant on findaing but surely Islamic banks should be following a similar model now even if they are paying double stamp duty etc. It certainly seems a more Shahriah complaint model than the current Islamic mortgages.
Salaam may allah reward u. Is bankruptcies islamic halal? Under uk law if you cannot repay your consumer debt like bank loans, after death it's written off please share your islamic view on this topic.
Was recently in the UK from Zambia and was hoping to get to one of the talks, next time InShaAllah. But please do keep going with your work, it is much needed. Allah keep you in all kinds of barkat ameen.
It is possible to have a copy of lectures power points that Ibrahim have on the whiteboard above him? We can’t see it and that make the video slightly weird.
As a new muslim I am baffled by such video because riba is massive sin after shirk and everything here is related to riba unless you are asking us to raise 300k cash? I.e. in regards to house. Also, anything that accrues interest isnt it riba?
These brothers are good comedians as besides the financial topic it was a good religious lecture/reminder for muslims and that's about it. They remind me of Jim’s famous movie with Jeff and who is who well it is tough to say.
Same thing as other non muslim so called money experts speak. May be we are getting to Saturday trap. I would like to see that we as Ummah push to remove riba based economic system. Way forward is to get out of riba completely, push for use of gold as currency, push for small business, make Shirkat, push for Waqf. Dont expect that you can beat non Muslims following their same footstep. They know the fraudulent system better than we do.
Assalamu Alaikom, I invested in an NFT project which claimed at first to do halal business such as, creating discord bots and offering services to other project. Lets say i invested 100 dollars. After some time the project faced some failures and they switched to building an online casino. At that time my investment was worth 50 dollars. Now we are sure that the project has haram intent and is doing haram activity. The value of my investment started to go up slowly. Now it is worth 60. Should i wait until i break even with my initial investment or should i sell instantly with a loss? Barakallahou fikom
Is it Halal to receive free sign-up bonus stock from brokers? The stock rewarded may or may not be halal. If it's not halal, then is it permissible to sell that and use the cash to buy other halal stock. I have a 1:1 margin account. The benefit of this account is that you don't have to wait for you cash to settle after selling, you can immediately buy even though cash has not settled yet. Is is haram to trade with this account?. Would it still be haram to use this type of account if I only trade with settled cash Show less
